Why Industry 4.0? - BlockDelta

The Industrial revolution 4.0 marks the birth of digitization and automation of the manufacturing processes called – 'Smart Manufacturing.' Industry 4.0 however, is not a new technology and nor it is a business discipline, but a new approach called'Smart Manufacturing' which is fully integrated, collaborating manufacturing systems that respond in real-time to meet the changing conditions and demands in the factory, in the supply network and customer needs. This new approach will help the manufacturers to achieve the results that weren't possible a decade ago. Smart Factory which is at the heart of the Industry 4.0 will take on board the Information and communication technology (ICT) for the evolution in the production line and supply chain that integrates a much higher level of digitization and automation. It simply refers to machines using self-configuration, self-optimisation, and artificial intelligence to perform complex tasks for delivering vastly superior, high quality, and cost-efficient goods and services. The Smart Factory can also be defined as a factory where the Cyber-Physical Systems (CPS) communicates over the IoT and assist machines and people in the execution of their tasks.